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Andrei [34K]
2 years ago
11

Johanna is excellent at applying tax law and other accounting principles in her job as a manager in her accounting firm. she has

equally high skills in working with the employees she supervises but does not have as much skill in helping the firm shape the vision for growth. applying katz's skills model, at what level of management is johanna?
Business
1 answer:
kaheart [24]2 years ago
7 0

Johana is at "Supervisory Management" level.

The theory suggests three levels which are:

<span>1)      </span>Supervisory Management where a person has high technical and human skills but low conceptual skills which is the case with Johana.

<span>2)      </span>Middle Management where a person possesses high human skills but medium technical and conceptual skills.

<span>3)      </span><span>Top Management  where an individual is high in human and conceptual skills but low in technical skills. </span>

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Answer:

  • <u><em>No, he will not have enough money to buy his delivery truck at the end of 6 years.</em></u>

Explanation:

To find how much<em> money Earl Mille</em>r, <em>owner of Papa Gino's franchise</em>, will have in <em>6 years</em>, you must calculate the value of the <em>$20,000</em> that he <em>invests</em> at the <em>5% compounded semiannually:</em>

  • Semianual compounded interest: 5% / 2 = 0.05/2 = 0.025

Equation:

  • Value=Investment\times (1+r/n)^{(n\times t)}

Where r/n was already calculated: r/n = 0.05/2 = 0.025; and t is the number of years: 6.

        Value=\$20,000\times (1+0.025)^{(2\times 6)}\\\\Value=\$26,899.78

Hence the value of the money invested is less than the value of the truck, and <em>he will not have enough money to buy his delivery truck at the end of 6 years.</em>

3 0
2 years ago
A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $20,000, the interest for the yea
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Answer:

1. Is this a 17 percent loan?

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2. What rate would legally have to be quoted?

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3. What is the effective annual rate?

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Explanation:

effective annual rate = (1 + i/n)ⁿ - 1

using a financial calculator, i = 30% (PV = 20,000, PMT = -1,950, Nper = 12, FV = 0)

monthly interest rate = 2.5%

effective annual rate = (1 + 0.30/12)¹² - 1 = (1 + 0.025)¹² - 1 = 1.3449 - 1 = 0.3449 = 34.49%

APR (legal rate) = 2.5% x 12 = 30%

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"Threaten to always accommodate" is the correct choice.

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